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English 35
Search Results 0 to 35 of about 36 (some duplicates have been removed)
FOX Business
Jan 16, 2013 5:00pm EST
this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceiling from years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and now it is a source of a contentious debate that is still raised, and so it is unnecessary. what we need to do in the u.s. is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't rai
MSNBC
Jan 16, 2013 1:00am PST
another fight about the debt ceiling this year, if this isn't exciting because it just feels like groundhog day to you, oh my god, i've got reckless brinksmanship fatigue, it is true that it's hard to get excited over something we have done before. it is 2013 now. remember when it happened it was a total disaster. even if you just ignore the political consequences, if you just look at the economic impact, it was a self-imposed economic disaster caused by washington refusing to do something that it needs to do and that it has done dozens of times before. republicans just refused to do it. it was such a disaster, you would think that there would not be a reason to explain that this shouldn't happen again. but it's happening again in what looks like an exact repeat of 2011. except for one thing. there is one thing that is different so far this time around, and time will tell will this proves to be a harbinger of something bigger, or whether this is just a single outlying happy fact. but this year there is one republican member of congress who has broken ranks on the big stupid debt c
FOX Business
Jan 15, 2013 8:00pm EST
spending. neil: what was is 7 years ago when every democrat, including barack obama -- debt ceiling. >> can i finish this one point. at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion when he came in, it is 16 trillion, he has not thinked for his talk about corporate responsibility and millionaires and billionaires paying their fair share that last tax bill as more corporate welfare to billionaire friends of barack obama than any pork bill we've seen so far. >> obama will not last too long when they see this hypocrisy. >> i cannot believe we're calling it responsible to consider defaulting on some of our obligation today so maybe at some point in the future there will
MSNBC
Jan 16, 2013 6:00am PST
not raise the debt ceiling unless our nation gets on a path to a balanced budget within ten years that stays balanced. that is far from a don't raise the debt ceiling ultimatum. boehner has now shown that he's willing to break glass and allow legislation to pass without a majority of the majority. perhaps we've seen the near future in how the republicans end up agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and the nra. in addition to calling on congress to pass gun control legislation, the president will propose a set of executive actions. nbc's justice correspondent pete williams is here to help explain some of those executive actions. a big one that we know he's going to call for is this idea, pete, of basically ordering the justice department to prosecute people that fail background checks. explain why that hasn't been done before, and how it can be done. >> sure, first of all. the federal law ma
CNBC
Jan 15, 2013 7:00pm EST
to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have leverage. you have talked about them already on this show. one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move the last minute further out. if these guys need three to six months to do it up right and get a compromise. i'm willing to give them f
CNBC
Jan 16, 2013 6:00pm EST
blocks, the election and fiscal cliff. one more leg to go. debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stopped worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment thinking. kevin in washington, kevin. >> caller: booyah, mr. brilliant one. a quick question. you know, with the higher cost of foods and energy, and the lower incomes we're all expecting, the average working person, do you think we can return to the dependence on our credit cards? if we are, is master card a good buy? >> i like master card, my charitable trust owns it, ebay, that stock soaring in afterhours. master card is a paper to plastic worldwide trend, not so much we get hooked in debt or not. and i've seen a lot of househ
FOX News
Jan 16, 2013 1:00pm PST
that republicans are being obstructionists if they dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president is completely irresponsible. interest on our debt is going to get paid and our credit rating is likely to stay where it is if we cut spending rather than blow through another debt limit without making the hard decisions. >> neil: thank you very much. good. good to see you. >> neil: meanwhile, pick up the tab for national health care and reduce the debt? that is what democrats are proposing. adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what
FOX Business
Jan 16, 2013 1:00pm EST
'll be back in 15 minutes. tracy: the dance over extending the debt ceiling in washington is on as lawmakers on both sides of the file fight over issues like deficit spending and things we've been talking about for years now. rich edson is in washington with more. any progress, rich? >> no. with about a month or so. ashley: rich, thank you. >> back to you. look we've got about a month left before the government reaches the debt ceiling and the two sides are as far apart as they ever been. democrats say congress routinely increases debt ceiling. it allows the federal government to pay for spending it already approved. they say deficit reduction is different argument and they're now proposing eliminating the debt ceiling. >> we must not permit an artificial debt ceiling to throw the country into default and our economy into chaos and depression which is exactly what the republicans are threatening to do. it is time to abolish the debt ceiling and our levels of taxation and spending will be set as they always have been by congressional action. >> republicans argue washington has linked several
Current
Jan 15, 2013 5:00pm PST
that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some short-term gain until another republican sits in the oval office. that's why it's probably an idea that this congress has no chance of making law. but joining me now is one of the sponsors of the bill to repeal the debt ceiling altogether, democratic congressman from vermont and a member of the committee on house oversight and government reform, representative peter welch. sir, thank you so much for joining us tonight. >> good to be with you. >> john: right on. let me ask you just for starters, why does the debt ceiling exist in the first place. does it serve any function? >> it doesn't. essentially, the one function it does serve is members of congress can be hypocritical. they can vote for spending. and then pretend a year later when the bill comes due that they don't have to pay for it. and berate the excessive spending. it
FOX Business
Jan 16, 2013 4:00pm EST
ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it was raised seven tiles during the second bush administration with no great debate. but now it is being used as blackmail and could wreck the entire american economy if we don't --. david: hold on a second, congressman. 2002, june 2002 two, in november, 2004 and november 2006, guess who voted against raising the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it because it was meaningless gesture frankly. when you had a republican president and republican congress minority demagogued and said we'll vote against it knowing perfectly well it would pass. no one ever seriously tried to have it not pass. and when ever, we were in the majority, we, democrats we passed it, even in the bush administration. because you knew it had to pass. now i don't, i'm not trying to make any
PBS
Jan 15, 2013 4:30pm PST
.s. will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasaonfirms 2012 was one of the hottest years on record for the entire globe. 2012 was one degree warmer than normal for the 20th century, and, compared to records dating back to 1880, the globe has warmed by 1.4 degrees. nasa scientists also believe the warming trend is accelerating, just as analysts see the political will for climate change hitting new lows. but that doesn't mean the issue has gone away; it's just taking a different form. for example, the house or representatives debated relief from superstorm sandy today. ergy analyst kevibook expects governments will increasingly be forced to spend money to mitigate or a
CNBC
Jan 16, 2013 3:00pm EST
that and the debt ceiling is nowhere near as interesting to most of the consumers or business people at this stage so i think we'll probably move back to some normal slow recovery that will be methodical and take us to a very slightly better 2013 than 2012. >> how do you offset then the continued pressure on margins and, i mean, how long will the mortgage refinance continue to provide the growth there? >> yeah. so a bank like out, one of the reasons we do very well and enjoy a diversity of earnings is we have a large payments business and large corporate trust business so unlike some of our peers we're not wholly reliant on the balance sheet or on loan making. have great deposits and make good loans and have other alternatives, so for our company it's not quite as essential that the loan volume is as important as it might be in the future. i do see it to be a slow methodical progress towards refis moving down as rates go up, new purchase going into the replacement category, but i'll also tell you i don't think we'll see a big change in the next year. mortgage will stay strong as long as rates stay
CNBC
Jan 16, 2013 6:00am EST
because the debt ceiling concern and talks, it's been pretty much nonexistent on the industrial -- >> the markets at fresh five-year highs. >> yeah. it's all because we had the fiscal cliff. and it was so volatile coming into it. we saw some massive swings and massive breakdowns coming into it. it seemed like the market was all over the place. with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people looking at u.s. equities over the safety play. they'll start coming in, they'll buy. it i think it's going to be a good year for the s&p this year. >> what does earnings season do? hearing from jpmorgan and goldman sachs, the financials have been a driver of major averages mo
CSPAN
Jan 16, 2013 9:00am EST
part of it? there's talk about let's take the debt ceiling off the table for the next four years if we get a big package. is that big enough with the tax reform? what do you need to see for you and some of your colleagues on the democratic side to say, all right, we're willing to engage in the kinds of conversations that the other side is insisting on with entitlements? >> first of all, we have to take the debt ceiling off the table for a considerable period of time. and secondly, regarding entitlement reform let's take medicare. there have been two changes in terms of medicare and its future. number one is that the rate of health care has been diminished. and the rate of medicare cost increase, that has also been diminished. that's the first consequence or the first event of the last three years. secondly, we have health care reform which i think has accelerated the diminution in health care cost increase. and what i think we need to do in terms of medicare is for both parties in both houses and the white house to sit down and have a serious discussion about how we continue to get aho
CNBC
Jan 16, 2013 5:00pm EST
? and where is the timing? right after the debt ceiling debate? >> yeah, i sure wish i knew on the timing. i think right now, the way we're structuring sug sessigestions i portfolios, yeah, risk on but with caution. i would go for -- i would go for more defensive stocks, utilities, dividend payers, consumer staples, things like that. we also like natural gas, north american energy. there are other special things, we're short the yen. but it changes dramatically. >> right. >> if and when you get the shock and you move to risk off, because when you don't want to own equities. >> no surprise, all the sectors you mentioned so far are very defensive. but at the same time, you see opportunity in small luxury names. why is that? >> yeah, that's the kind of thing that people even when they're stressed, they want to buy, whether it's a fancy bottle of booze , imported beer, something in a small box, maybe it's only cuff links, but it's in the blue box -- >> and that's just the desk right here, gary. >> blue box? >> you look for example at used merchandise stores, their stocks, they are growing in dou
FOX Business
Jan 15, 2013 7:00pm EST
to forget there is a debt ceiling battle upon us, presidentments to resolve a good measure of the gun control issue with executive order fee. >> usurp taxes are good, i sign executive orders this is my honorable decree from his royal highness, barack obama, we got rid of kings years ago, he has allege late testify work with, -- legislative to work with, not to gifforders. lou: he said it is easier to work without them, he said any deal too raise federal budget, has to include new tax revenues. not only do you have to raise the debt ceiling but you -- the republicans have to agree raise taxes. who house th has the gun to
MSNBC
Jan 15, 2013 4:00pm PST
of the old year, the president warned republicans not to play politics when it comes to the debt ceiling. here is the president. >> but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the first presidential term. this morning, newt gingrich of all people reacted by saying the president was bullying republicans. that's a long way from saying he is weak. now he is a bully. let's watch. >> i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will, because we have no evidence that barack obama is going to compromise. i think this president is deliberately seeking confrontation. i think he is going out of his way to bully the house republicans. >> okay, okay. we'll see. sometimes winston churchill once said when people like newt just hung around in politics after they were defeated, he said we nee
CSPAN
Jan 15, 2013 8:00pm EST
to entertain serious reform. talking about taking the debt ceiling off the table for the next four years. it's not big enough for tax reform? what need to see? what you need from your colleagues on the democratic side to engage in this kind of conversation? >> first of all, we have to take the debt ceiling off the table for a considerable period of time. secondly, regarding entitlement reform, let's take medicare as an example. there have been few changes in terms of medicare and its future. number one is that the rate of health care growth has been diminished. and the rate of medicare costs increase has also been diminished. at the first consequence and events of the last three years. suddenly we have health care reform, which i think has accelerated costs increase. what i think we need to do in terms of medicare is for both parties and the white house to have a serious discussion about how to get hold of medicare and medicaid costs. we really need to do that. but social security we have to have the same kind of discussion so i urge the chairman of finance, the ranking member in the senate,
FOX News
Jan 15, 2013 7:00pm PST
that as we look alt what we'll do and the debt ceiling and president obama says funding this development program is the same importance to our national government. as paying the interest on our national debt. and, look, the contribution is a couple hundred million dollars a year and the system is 8 billion dollars a year, but one can ask, what do you want to spend our money on. do we want to bring the debt down or continue to fund some of these programs which, as this report indicates, you can't prove they're effective. >> greta: i think if-- i mean, it's one thing that's funded if you know it's effective and helping people. it's another thing to know that it sort of gets lost in the shuffle and no idea where it went. >> i think we've got to prioritize, i favor, if we're going to use foreign economic assistance i'd do it bilaterally, i think the u.s. gets a bigger bang for the buck than the u.n. >> greta: thank you. and a bizarre train crash in sweden, not just any crash, this commuter train was hijacked. the cleaning woman says she dieded to take the train out for a spin and able to dri
Current
Jan 16, 2013 3:00am PST
to call it over the debt ceiling. republicans say they are not going to vote to increase the debt ceiling even though they did so 19 times with no strings attached under george w. bush. they won't do so again this year unless they get massive cuts in social security and medicare. why should we be having this fight after all? shouldn't we just pay our bills as the president says? >> you know, i just wonder if these individuals also when their credit card bill arrives say, no. not going to pay it. >> they might. >> i am not going to pay it. we are spending too much money. so i am just not going to pay my bill. really? it's it's like a non-secquitor. these have been racked up by congress. they have proposed those expenditure. now the bills are due. to put any strings attached to it is kind of nuts. >> . >> what's the way out of it? >> there are six numbers of congress including myself today introducing a piece of legislation to just scrap the idea of the debt ceiling which no other country in the world has. it's an unnecessary encumbrance that the ide
CNBC
Jan 16, 2013 4:00pm EST
is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i mean, we're at least a couple years away from a higher move -- a move higher in interest rates. what i think is perhaps more likely to hit the market is signs towards the end of the year that the fed is going to come to an end in terms of additional quantitative easing. not only do we have perhaps gathering evidence that the economy is getting better and doesn't need more, but fed officials are starting to get a little nervous about how big their balance sheet is getting. >> sure, sure. >> kenny, are you with us on the floor of the exchange? >> i'm here. >> felt like things were worsening a bit but i know there's a fair amount of stock to buy in bank of america and the handful of financial. >> volume down here was 585 million shares. still talks of kind of investor complacency
CNN
Jan 16, 2013 6:00am PST
the summer debt ceiling debate. guess what? shares of goldman have gained 48% in 2012. the rally has continued this year. goldman sachs shares right now are up 2.5% in the premarket, carol? >> all right, alison kosik reporting live from the new york stock exchange. >>> a huge winter mess stretches from maine to mississippi. there's a 40-mile backup in massachusetts. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bau
FOX News
Jan 16, 2013 10:00am PST
in the future. you remove that debt ceiling and you totally reversed that financial principle. what you're saying is, we will make our children pay in the future for the bills that we run up today. and that's a reversal of america's financial history for the past, what, i think 238 years. and there's a moral implication here. should you be placing the bills that you have run up on your children? i wouldn't do that with my children. i don't think the country should do it with its children. >> megyn: so this is why the republicans are saying, we're just not going to raise your credit limit, america's credit limit any higher, until we can get our spending under control and president obama keeps saying we'll he have that conversation, that's a separate conversation, raise the debt limit because we have to pay the bills and republicans say we're going to pay the bills and pay our creditors and may have to shut down government agencies for a time being. but they say you've never had the conversation, you keep saying you have the spending cuts, but you never do it. >> and the president consist
CSPAN
Jan 15, 2013 11:00pm EST
of reaching the debt ceiling, yet both sides seems locked in congress are not going to talk about the debt ceiling. speaker boehner says it can't be done unless we cut spending at the same time. so having watched this for more than 30 years in congress, what are the odds of avoiding going over the cliff given were both parties are? >> the odds are that we won't do it. it's a matter of faith. it's a matter of consequence. i mean, those who say okay, let's toy with that, they are toying with the american economy and they are toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with people estate tax reform is going to because of scheduling. need to do with the limits of ku
CNN
Jan 16, 2013 9:00am PST
's sleep ♪ >>> president obama struggling with the debt ceiling, that's always a fun comedy premise. wow. this will be good. debt premise. no, president obama told congress it must raise our debt limit because the u.s. is, quote, not a deadbeat nation. yeah. and the president added, by the way, if china calls, i'm not here. >> conan o'brien poking fun at the latest financial crisis. comedians, of course, joking about it. the country's debt, one of the big issues facing the president over the next four years. alison kosik is taking an in-depth look at how we got there and why it is important to do something about it. >> reporter: the challenge? taming the national debt. just a few steps from the billboards of times square is a billboard of a certain sort. the national debt clock. new york real estate developer seymour durst set up the first debt clock in 1989. >> when my father designed the clock, the debt was about $2 trillion. he would be shocked that we're at this number today. >> reporter: last year, the federal government spent $3.6 trillion, but it only took in $2.45 trillion in rev
ABC
Jan 16, 2013 1:40am PST
. the government reached its borrowing limit on new year's eve. the debt limit is $16.4 trillion. the u.s. could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all right. and you don't hear a story like this often. it comes to us from the suburbs of stockholm, sweden. that's where a cleaning lady stole an empty commuter train and drove it into an apartment building. >> she was at the controls for about a mile. then the train derailed before hitting the building. the woman was seriously injured. she was the only person hurt. i guess she was the only one on the train. >> not good. what were you thinking? >> i wonder why she did that. >> i don't know. >> we need more information on that
CSPAN
Jan 15, 2013 8:00pm EST
yesterday talking about the debt limit, debt ceiling. he's talked about our economy. i think it's worth noting that since 1923, when the president was required to furnish a budget in a time deadline given for furnishing that budget, 90 years, 90 years the president is required by law to furnish a budget. since 1923 those, those ensuing 90 years, there were apparently 11 times when presidents have been unable to get the budget to congress as required by law. and most of those -- well, some of those 11, there were very good reasons. but it's interesting to note in the last 90 years, out of the 11 times that the budget from the president has been late, four of those 11 have been under the obama administration. we're also informed that there is a chance once again, like there was a year and a half ago, that our credit rating of the u.s. could be lowered again. by another credit rating agency. some have tried to paint it as a different story, different picture, but for those of us who recall what happened, s&p made it clear that they didn't believe that the united states was serious about de
Search Results 0 to 35 of about 36 (some duplicates have been removed)